Bilateral trade relations between India and China
India, also known as the Indian subcontinent owes its trading facilities to its strategic location. Its social impacts have crossed its borders from time immemorial and arrived at faraway grounds. It goes about as a bridge head between improved and advancing nations of the world and between the East and the West. India's quality lies in its geology to the extent that in its society. Since the opening of the Suez Canal in 1869, separation between India and Europe has been diminished by 7000 kilometres. India appreciates a favourable sea ways from East and South-East Asia and Australia to Africa and Europe pass through Indian Ocean.
In 2008, India's share of world trade was 1.68%. In 2011, India was the world's tenth largest importer and the nineteenth largest exporter. Major exports include petroleum products, textile goods, jewellery, software, engineering goods, chemicals, and leather manufactures. Major imports include crude oil, machinery, gems, fertiliser, and chemicals.
Indochina trade relations
China does not only share boundaries with India but has a similar history to that of India’s and are also major civilisations. Regardless of a history filled with conflicts and a contemporary competition over regional influence have the two Asian powers managed to increasingly deepen their economic ties.
China and India is being referred to as the two Asian powers as they constitute to nearly 1/3 of the world population and demographically two largest countries. This makes Indochina relations a crucial factor not only to the citizens but also to other countries.
In 2008, China became the largest trading partner for India. Bilateral trade between India and China exceeded the two countries' $60-billion target in 2010, driven largely by rising Indian imports of Chinese machinery that has left a record trade imbalance of $20 billion in China's favour as India’s import from china is 11%...